Utilizing Mastercard’s robust global financial services, dtcpay customers will experience quicker, more secure, and transparent transactions. This partnership aims to provide a seamless cross-border payment process.
Expanded Payment Corridors
Effective this summer, users of dtcpay can access over 49 international corridors for payments originating from Singapore. These include regions such as the Chinese mainland, UAE, Malaysia, Indonesia, Philippines, Switzerland, Thailand, Vietnam, and various EU markets.
The collaboration targets cost-effective and transparent cross-border transfers, ensuring both senders and recipients receive more value in every transaction. With faster processing, 60% of transactions can be completed within an hour and 95% within a day, significantly cutting down on traditional wire transfer times that may take up to five days.
Broadening User Base
This initiative caters to diverse user segments, including businesses, financial institutions, and frequent flyers. For businesses, dtcpay’s simplified international payments reduce payment delays, improving cash flow and operational efficiency.
Financial institutions with established API infrastructures can benefit from reliable APIs that streamline cross-border payments. This enhances service offerings to clients while optimizing overall process efficiency.
Frequent flyers will also find this solution convenient and fast for making international transactions at any time, thanks to transparent fees and rapid transfers worldwide without high transaction volumes or complex procedures.
Mastercard Move focuses on providing a secure and fast money-moving experience both domestically and internationally. This partnership aims to empower banks, financial institutions, and their customers with choice and transparency, enabling trackable payments, visibility into fees, accurate delivery time estimations, and the ability to receive payouts via bank accounts, e-wallets, cards, or cash.
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